Tony Satterthwaite - Aug 25, 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role
Vice Chairman
Signature
/s/ Sharon Barner, Attorney-in-Fact
Stock symbol
CMI
Transactions as of
Aug 25, 2022
Transactions value $
-$1,257,945
Form type
4
Date filed
8/30/2022, 04:46 PM
Previous filing
Mar 3, 2022
Next filing
Nov 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Gift $0 -1.8K -2.75% $0.00 63.6K Aug 17, 2022 Direct
transaction CMI Common Options Exercise $57.7K +516 +0.81% $111.84 64.1K Aug 26, 2022 Direct
transaction CMI Common Sale -$119K -516 -0.8% $230.05 63.6K Aug 26, 2022 Direct
transaction CMI Common Sale -$1M -4.35K -6.84% $230.19 59.3K Aug 26, 2022 Direct
transaction CMI Common Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$196K -854 -27.49% $228.97 2.25K Aug 25, 2022 By 401(k) Plan F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CMI Stock Option (Right-to-Buy) Options Exercise $0 -516 -4.33% $0.00 11.4K Aug 26, 2022 Common 516 $111.84 Direct
holding CMI Stock Option (Right-to-Buy) 24.3K Aug 25, 2022 Common 24.3K $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 11.2K Aug 25, 2022 Common 11.2K $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 24.5K Aug 25, 2022 Common 24.5K $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 8.91K Aug 25, 2022 Common 8.91K $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 15.6K Aug 25, 2022 Common 15.6K $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 10.9K Aug 25, 2022 Common 10.9K $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 15.4K Aug 25, 2022 Common 15.4K $163.43 Direct
holding CMI Stock Option (Right-to-Buy) 9.25K Aug 25, 2022 Common 9.25K $166.18 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person made an intra-plan transfer of $195,621.93 out of the Cummins Stock Fund under the Company's 401(k) plan, with the number of shares equal to such amount divided by $228.97, which was the closing price on the date of the transaction. Because the Stock Fund is a unitized account, the actual number of shares and share price is not known.
F2 Includes 95.28 shares acquired under the 401(k) plan since the reporting person's last Form 4.
F3 The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.